Here is your chance to buy an income property direct river that will pay you to own it with HUGE upside potential! Consisting of 3 separate structures. 2- Triplexes and a Large 3 Bedroom 2 bath house with 3 adjoining apartments. This multi-family Income property can earn you a nice return on your money, you can do short term rentals to increase the ROI or later on build your dream home . Lot is 1.24 acres, has a coquina sea wall, with city water and sewer available for hookup. This property spins off $93,000 in gross income and is in a prime location in the north Melbourne area (Palm shores proper) Take advantage of this investment opportunity today and make it what it can become..
Off market
$1,111,300
4865 Highway 1 N #4, Melbourne, FL 32935
--beds
0baths
6,226sqft
MultiFamily
Built in 1951
-- sqft lot
$1,111,300 Zestimate®
$178/sqft
$1,955 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Features
- Flooring: Other
Interior area
- Total interior livable area: 6,226 sqft
Property
Features
- Exterior features: Stucco
Lot
- Size: 1.24 Acres
Details
- Parcel number: 263729DT26
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1951
Utilities & green energy
- Utilities for property: City Water, Cable Available
Community & neighborhood
Location
- Region: Melbourne
Other
Other facts
- Equipment/Appliances: Other - Call Agent
- Floor: Other - Call Agent
- State/Province: FL
- Property Status: Standard
- Prop Type: Income
- Expenses Include: Insurance, RE Taxes
- Construction: Concrete Block
- Parking: Open Parking, Unpaved Drive
- Utilities: City Water, Cable Available
- Waterfront: Yes
- Measurements From: Tax Rolls
- Style: Efficiency/Studio, One Story
- Roof: Shingle - Asphalt
- Exterior Finish: Stucco
- Waterfront Type: Indian River
- General County Loc: South
- Subdivision/Condo Nm: HONEYBROOK PLANTATION
- Buildings: 3 Buildings
- Lot Description: County
- Fixer Upper: Yes
- Schools: Middle School: DeLaura
- Schools: High School: Satellite
- Schools: Elementary School: Creel
- Status: Contingent
- # of Units: 10
- Property Type: B
- Rent Includes: Other
- Tax ID: 26-37-29-Dt-00000.0-0026.00
- Legal Desc: HONEYBROOK PLANTATION LOT 26 EX HWY R/W
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,111,300
2% more+ $22,226
With Zillow Showcase(estimated)
$1,133,526